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Est. payment /mo
0.4 Acres Lot
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5167684
HOA Y/N No
Year Built 1928
Annual Tax Amount $18,458
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Apartment
Property Description
Investment Opportunity, Stabilized Apartment Buildings With Incredible Value-Add Opportunity, 43 Total Residential Units, 4 Commercial Units. Offered Separate And Together, Great Income Producing W/ Many Updates. Stark County, Alliance City, Close To The University Of Mount Union. Live Auction With Online Bidding Available. ABSOLUTE AUCTION, all sells to the highest bidders on location. ONLINE BIDDING BEGINS TUESDAY, NOVEMBER 18, 2025, AT 12:00 PM, AND AUCTION LIVE ON-SITE BIDDING WILL BEGIN FRIDAY, NOVEMBER 21, 2025, AT 12:00 PM. We are excited to present an incredible and rare opportunity to own three historic downtown apartment buildings. At current rents and occupancy, the total gross annual income equates to $411,000+. The buildings are stabilized, but leave plenty of value-add opportunities as apartments naturally turn. The projected gross-annual income of all apartments and available commercial space (excluding the City of Alliance's space) is $600,000+. These well-constructed buildings were converted to apartments in approximately 2005. The buildings are located in the heart of downtown Alliance and close to The University of Mount Union. Owners have taken exceptional care of the buildings and made substantial investments in property improvements. Buy one, two, or all three. Buildings will be offered separately as well as a package deal. Please respect the tenants' privacy. The buildings will be open on auction day, starting at 10:30 AM. Contact the auctioneer with questions on how to purchase. Check out our website for complete details.
Location
State OH
County Stark
Interior
Heating Hot Water, Steam
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Alliance Csd - 7601
Others
Tax ID 00101690
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Auction
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Listed by Jeff R Kiko • Kiko • jeffkiko@kikocompany.com, 330-206-1079
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